Goan delegation on visit to boost trade ties with Bahrain

The growth potential for investment and trade relations between Bahrain and the Indian state of Goa is huge, according to delegates from Goa who are on a visit to Bahrain. This came as the Embassy of India in Bahrain in association with Vibrant Goa Foundation organised a roadshow on the embassy premises yesterday.

The delegations are in Bahrain to invite Bahraini businesses and officials to Vibrant Goa Global Expo and Summit 2019, which will be held from 17 to 19 October in Goa.

Speaking to Tribune on the sidelines of the event, delegates Anmol Modi and Arman Bakley revealed that they are in talks with Bahraini businesses and government entities to further Bahrain’s collaboration efforts with Goa. “There are many areas that Bahrain and Goa can collaborate such as construction, shipbuilding, renewal energy industry and more. There is tremendous potential here. “There are many similarities between Goa and Bahrain. For example, both places are big on tourism. This is an area we want to collaborate in. As a matter of fact, we are going to be in discussions with the tourism authorities here to explore opportunities.”

Vibrant Goa 2019 will bring together global business leaders, investors, corporations, thought leaders, policy and opinion makers to understand and explore business opportunities in Goa. The event aims to provide an ideal platform to meet, interact, network and discuss business possibilities for importers, exporters, investors, customers, experts and all those who matter in business and trade.

Key sectors under the spotlight in the Vibrant Goa 2019 will be Agro and Food Processing, Emerging Technologies, Construction Equipment, IT (Information Technology), Light Engineering, Medical Tourism, Pharma and Biotech, Startups and Start-up Institutions, Ship Building, Education, Building Materials, construction and Real Estate, Film and Entertainment, Tourism and Wellness, and Services. Indian Ambassador Alok Kumar Sinha addressed the gathering during which he highlighted that the initiatives taken by the Government of India in past three years had created an enabling environment for investments and that India had jumped in the ‘Doing Business in India Index’ by record number in the past two years from 130 to 77 on the back of policy and investment reforms.

The ambassador highlighted the importance of exchange of business delegations between the two countries and participation in specialised trade fairs to seize the emerging opportunities. The event was attended by representatives of prominent businessmen in Bahrain from diverse sectors including investments, food processing, manufacturing, retail and hospitality.